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Ship that oozed oil off Mauritius coast splits in two

A ship that has leaked more than 1,000 tonnes of oil in pristine waters off the coast of Mauritius has split in two. The bulk carrier MV Wakashio ran aground on a coral reef off the southeastern coast of Mauritius on July 25 and began oozing oil more than a week later, threatening a...

Trump vows to force return of Iran sanctions

US President Donald Trump vowed Saturday to use a controversial technique to unilaterally reinstate UN sanctions on Tehran, a move with huge repercussions for the Iran nuclear deal. His declaration came a day after the UN Security Council overwhelmingly rejected a US resolution to extend an...

Algeria turns to Islamic finance to prop up economy

Algeria has launched Islamic finance products in a bid to attract money from the informal market, but bankers warn it will take more to fix the country's struggling economy. Falling oil prices and the coronavirus pandemic have battered the North African country, triggering alarm bells among...